Trimble Inc. (NASDAQ:TRMB) Shares Sold by Vantage Financial Partners LLC

Vantage Financial Partners LLC cut its stake in Trimble Inc. (NASDAQ:TRMB) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,129 shares of the scientific and technical instruments company’s stock after selling 339 shares during the period. Vantage Financial Partners LLC’s holdings in Trimble were worth $645,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its stake in shares of Trimble by 41.4% in the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock valued at $337,934,000 after purchasing an additional 1,594,732 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in Trimble in the fourth quarter valued at about $50,041,000. Charles Schwab Investment Management Inc. raised its stake in Trimble by 49.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock valued at $127,692,000 after buying an additional 676,954 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after buying an additional 434,065 shares during the last quarter. Finally, Sora Investors LLC bought a new position in Trimble during the 3rd quarter worth approximately $22,663,000. 93.21% of the stock is currently owned by institutional investors.

Trimble Price Performance

NASDAQ TRMB opened at $68.45 on Wednesday. The company has a 50-day moving average price of $73.19 and a two-hundred day moving average price of $67.27. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. The stock has a market cap of $16.82 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 3.09 and a beta of 1.53. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

Several research firms recently issued reports on TRMB. StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a report on Monday, December 16th. Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective on the stock in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $86.00.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the transaction, the director now owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock valued at $831,683 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

Trimble Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.